Let to SGS United Kingdom Limited on a new 10 year lease (subject to option)
Prominent corner position in a well established industrial estate
Close to city centre and M1 Motorway (Junction 26)
Approximate site area of 0.29 hectares (0.72 acres)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 72
Auction 23rd March 2016
Rent £47,500 per Annum Exclusive
Status Sold
Price £584,000
Sector Industrial, Warehouse
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
5 miles north-west of Nottingham,16 miles north-east of Derby, 32 miles south-east of Sheffield
Roads
A6002, A610, M1 (Junction 26)
Rail
Bulwell Rail
Air
East Midlands Airport
Situation
The property is situated in the well established 60 acre Blenheim Industrial Estate in Nottingham’s principal industrial estate, located just 2 miles from of the M1 Motorway (junction 26) and 5 miles north-west of the city centre. The property occupies a prominent corner position on Martin Close at its junction with Bennerley Road.
Tenure
Long Leasehold. Held from Nottingham City Council for a term of 125 years from 25th March 1984 at a peppercorn rent.
Location
Miles
5 miles north-west of Nottingham,16 miles north-east of Derby, 32 miles south-east of Sheffield
Roads
A6002, A610, M1 (Junction 26)
Rail
Bulwell Rail
Air
East Midlands Airport
Situation
The property is situated in the well established 60 acre Blenheim Industrial Estate in Nottingham’s principal industrial estate, located just 2 miles from of the M1 Motorway (junction 26) and 5 miles north-west of the city centre. The property occupies a prominent corner position on Martin Close at its junction with Bennerley Road.
Tenure
Long Leasehold. Held from Nottingham City Council for a term of 125 years from 25th March 1984 at a peppercorn rent.
Description
The property comprises a substantial detached industrial unit with self-contained office accommodation and three loading doors. The property benefits from a large service yard with an approximate total site area of 0.29 hectares (0.72 acres).
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial detached industrial unit with self-contained office accommodation and three loading doors. The property benefits from a large service yard with an approximate total site area of 0.29 hectares (0.72 acres).
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground Ground
Industrial Office/Ancillary
861.5 sq m 979.0 sq m
(9,273 sq ft) (1,265 sq ft)
SGS UNITED KINGDOM LIMITED (1)
10 years from 23/10/2015 until 22/10/2025 on a full repairing and insuring lease (2)
£47,500
23/10/2020 (3)
Totals
1,840.5 sq m
(10,538 sq ft)
£47,500
(1) For the year ending 31st December 2014, SGS United Kingdom Limited reported a turnover of £130,377,000, pre-tax profits of £14,696,000 and a total net worth of £33,738,000. (Source: www.riskdisk.com 16/02/2016) (2) The lease is subject to a schedule of condition. (3) The lease provides an option determine on 23rd October 2020.
Contacts
Associate Auctioneers
Mitchell Dodd Chartered Surveyors 4 Clarendon Street Nottingham NG1 5HQ
